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Euro zone bond yields steady after recent declines
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Euro zone bond yields steady after recent declines
Sep 11, 2024 4:59 AM

Sept 10 (Reuters) - Euro zone bond yields steadied on

Tuesday after a recent run of declines, as investors awaited

U.S. inflation data that could offer hints on the Federal

Reserve's rate-cutting path and the European Central Bank's

(ECB) policy decision later this week.

The German 10-year bond yield, the benchmark for

the euro zone bloc, was little changed at 2.178%. It touched a

one-month low of 2.147% on Friday.

Meanwhile, Germany's two-year bond yield, which

is more sensitive to changes in ECB rate expectations, was flat

at 2.224%. The yield also touched a more than one-month low of

2.208% on Monday.

The ECB is all but certain to cut rates by 25 basis points

on Thursday, with investors seeking clues on what action the

central bank might take after that. A widely anticipated debate

between U.S. presidential candidates Kamala Harris and Donald

Trump and U.S. inflation data on Wednesday will be among the

other main catalysts for markets.

Meanwhile, Italy announced the sale of up to 6.50 billion

euros in bonds on Monday.

Italy's 10-year yield was higher by 1 basis

point​ at 3.558%, and the gap between Italian and German Bunds

stood at 137 bps.

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